Archives

Shipman & Goodwin has expanded its presence in the Northeast with the addition of 17 attorneys and 15 professional staff members from Tarlow Breed Hart & Rodgers P.C., establishing a new Boston office located at 101 Huntington Avenue in the Prudential Center. The move significantly increases the firm's footprint in Massachusetts and strengthens its position across the region as it continues a strategy of sustained growth.

Bingham & Taylor, a long-standing manufacturer of underground infrastructure access solutions for water and gas utilities throughout North America, announced that Charlotte Pipe and Foundry Company have acquired it in conjunction with Neenah Foundry Company. The company, which has been in operation for 175 years, is recognized for its 100% American-made meter and valve access products, including boxes, lids, and pits.

TEDCO announced that it has signed a new agreement with Taiwan’s APAC Investment and Innovation Development Association TAIWAN (TAIIDA) and SFIC Group that will enable up to $50 million in co-investment capital for qualified TEDCO-supported companies. The partnership reflects a broadened commitment to global collaboration and is intended to expand opportunities across Maryland’s innovation ecosystem.

ChrysCapital has closed its tenth investment vehicle, Fund X, at $2.2 billion, marking a significant moment for the Indian private equity landscape. The close underscores the firm’s standing among a select group of investment managers that have not only achieved scale but also sustained multiple fund vintages over decades.

Francisco Partners and TPG Capital have entered into a definitive agreement to acquire Boomi from Dell Technologies in a cash transaction valued at $4 billion. The deal, which is expected to close by the end of 2021, will establish Boomi as an independent company backed by two major technology-focused investment firms.

Global music company BMG and global investment firm KKR have formed a new alliance to jointly pursue acquisitions of recorded music, music publishing, and other music-related assets. The collaboration is designed to offer artists, songwriters, and rights owners flexible options to realize and expand the value of their catalogs and intellectual property.

SteelSky Ventures has led a new investment round in myLaurel, joining Deerfield Management and Google Ventures (GV) to expand myLaurel’s in-home acute care platform across major U.S. health systems. The funding will support nationwide growth as demand increases for solutions that relieve hospital overcrowding and staffing constraints.

Elephas Biosciences has secured $40 million in Series B-2 financing to support the launch and commercialization of its Elephas Live Platform, a laboratory-developed test expected to be introduced in 2026. The company, based in Madison, Wisconsin, has developed a proprietary live tumor profiling technology designed to predict how patients may respond to immunotherapy treatments by functionally analyzing ex vivo live tumor biopsies while preserving the tumor microenvironment.

Appetronix announced that it has closed more than $10 million in total seed funding, including an additional $6 million in a recent seed-plus round. Jim Grote, the Grote family, and AlleyCorp led the financing. This marks AlleyCorp’s third investment in the company, reflecting continued confidence in Appetronix’s progress and growth potential.

Metropolis Technologies announced it has raised $1.6 billion in new capital to accelerate the expansion of its applied AI platform across physical infrastructure and consumer environments. The financing includes a $1.1 billion Term Loan B arranged by JPMorgan Chase Bank, N.A., along with a $500 million Series D round led by a fund managed by LionTree. The funding values the company at approximately $5 billion.

Digs announced that it has secured an additional $5 million in financing, bringing its total pre-Series A funding to nearly $20 million. The company, which provides an AI-powered collaboration platform for home builders and homeowners, plans to use the capital to accelerate product innovation and expand commercial adoption across the construction market.

Global Guardian has acquired Solace Global Risk in a strategic move that expands its presence across Europe and brings together two complementary organizations in the travel and operational risk management sector. Based in McLean, Virginia, Global Guardian provides protection and operational security services to Fortune 1000 companies, high-net-worth individuals, and global organizations. The acquisition adds Solace Global Risk’s strong European footprint and proprietary technology platform to Global Guardian’s global operational capabilities.

Upway has raised $60 million in a Series C funding round to rapidly expand its industrial refurbishment network and advance its mission of making sustainable mobility widely accessible. The round was led by A.P. Moller with participation from Galvanize and Ora Global, alongside continued support from Sequoia Capital and other existing investors. The new investment brings Upway’s total funding to over $125 million since its founding in 2021.

Section Partners announced the final close of two new investment vehicles, totaling $189 million, which strengthens the firm’s ability to provide structured personal financing solutions to founders and shareholders, as well as growth capital to late-stage, venture-backed technology companies. The Palo Alto-based firm noted that the capital was raised through Section Capital V, LP and Section Ventures II, LP, alongside a parallel co-investment vehicle, reflecting continued backing from existing limited partners and interest from new institutional investors.

Block Renovation announced that it has acquired BuildZoom Marketplace and will now expand its AI-powered renovation and construction platform across all 50 states. The combined company processes more than $100 million in annual renovation and construction projects and will operate as a centralized destination for residential and small commercial building projects nationwide.

Wealth Enhancement, a national independent wealth management firm, has partnered with Guidance Wealth, an independent registered investment advisor based in Elkhart, Indiana. The addition of Guidance Wealth increases Wealth Enhancement’s total client assets to more than $125.1 billion. Guidance Wealth manages over $165 million in client assets. It is led by Managing Partner John McSorley, Partner and Financial Advisor Michael Griggs, and Director of Operations and Chief Compliance Officer Maureen Teunissen.

Optain Health has acquired EyePACS, the largest teleophthalmology network in the United States, marking a significant consolidation in the effort to expand early detection of eye and systemic diseases through retinal imaging. The move unites Optain’s AI-driven robotic retinal imaging technology with EyePACS’s nationwide teleophthalmology infrastructure, creating a combined solution designed for efficient, high-volume screening in primary care settings.

Moved, a leading proptech platform focused on automating resident moves and generating ancillary revenue, announced that it has acquired Paylode, a perks and partnerships technology provider that supports companies in launching and monetizing branded rewards programs. The combination integrates Paylode’s perks infrastructure and brand partnerships network directly into the Moved operating system, creating an expanded offering designed to drive revenue, engagement, and resident satisfaction for property operators.

ExSight Ventures has invested in DefEYE, a company specializing in the development of decellularized placental-based biologic solutions for ocular care. The funding supports DefEYE’s efforts to commercialize its technology and expand its portfolio aimed at improving outcomes in both ocular surface disease management and surgical procedures.

Generate Capital has raised over $1 billion across its credit strategies in the past year, expanding its capacity to finance critical sustainable infrastructure projects throughout North America. The financing comes from a broadening base of institutional partners, including insurance companies, pension plans, and long-term shareholders seeking scalable exposure to clean energy infrastructure. The continued capital inflows reflect growing demand for resilient, capital-efficient solutions amid a shifting energy market and tightening financing conditions.

A University of Michigan startup is working to address one of the most persistent challenges in the apparel and textiles industry: accurately identifying, sorting, and authenticating clothing throughout its life cycle. Fibarcode, founded in 2024, is advancing a new approach that embeds permanent identification codes directly into fabrics using photonic fibers. The company has received approximately $1.6 million through a National Science Foundation Small Business Technology Transfer Fast-Track grant to launch its first pilot program and build commercial partnerships.

Hexaware Technologies has acquired CyberSolve, a global provider of identity and access management solutions, in a move aimed at strengthening enterprise cybersecurity programs as identity becomes central to digital transformation. The companies will collaborate to help organizations modernize their identity foundations, automate governance and controls using artificial intelligence, and maintain secure environments across complex hybrid technology landscapes.

The U.S. Department of Energy has renewed funding for the Quantum Science Center through 2030, committing a planned total of $125 million over five years to advance fault-tolerant, quantum-accelerated high-performance computing. The center, headquartered at Oak Ridge National Laboratory, will continue to lead a consortium of national laboratories, universities, and industry partners in accelerating the development of quantum technologies that work in conjunction with leadership-class computing systems.

Amae Health has secured a $25 million Series B financing to expand its national clinic footprint, further develop its AI-enabled precision care platform, and strengthen partnerships with leading academic medical centers. The round was led by Altos Ventures with participation from existing investors, including Quiet Capital, Bling Capital, Cedars-Sinai Ventures, Healthier Capital, and 8VC, bringing the company’s total funding to more than $50 million. The company, a Public Benefit Corporation, focuses on treating severe mental illnesses such as schizophrenia, bipolar disorder, and treatment-resistant depression through an integrated in-person care model supported by advanced technology.

MiSalud Health, a bilingual health platform that integrates human care with AI to make healthcare more accessible for underserved workers, has raised a new funding round led by IGNIA. The round included participation from Redwood Ventures, Amplifica Capital, existing investors Ulu Ventures and Magnify Ventures, and MiSalud client Taylor Farms. Previous rounds included Lowercase Capital and Samsung Ventures. This latest investment brings MiSalud Health’s total funding to $18.3 million.

Avnos, a developer of Hybrid Direct Air Capture technology, announced it will build its first commercial-scale facility, known as Project Cedar. The project represents a significant advancement in commercializing carbon removal infrastructure at scale.

Avallon has raised $4.6 million in seed funding to scale its AI agent technology that automates insurance claims operations. The round was led by Frontline Ventures, with participation from Y Combinator, 1984, Liquid2, and Booom. The company plans to use the capital to expand hiring and further develop its platform, moving beyond current applications in Workers Compensation and Automotive claims to offer a comprehensive AI system designed for all Property and Casualty lines and healthcare.

Inception, a company developing diffusion large language models known as dLLMs, has closed a $50 million funding round. The financing was led by Menlo Ventures with participation from Mayfield, Innovation Endeavors, NVentures, M12, Snowflake Ventures, and Databricks Investment. The company will utilize the capital to expand its research, product development, and engineering efforts, focusing on accelerating model performance across text, voice, and code applications.

Faropoint has completed a $340 million refinancing for 46 assets within its Industrial Value Fund III, marking the largest financing transaction in the company’s history. Truist Bank and U.S. Bank provided the loan and follow the firm's $328 million acquisition of a portfolio from Mapletree earlier this year, which remains its largest acquisition to date.

EdgeCortix, a fabless semiconductor company developing energy-efficient artificial intelligence processing solutions for edge environments, announced the second close of its oversubscribed Series B financing, bringing the company’s total funding to more than US$110 million. The Series B round closed more than 30% oversubscribed with strong participation from new and existing global investors. The new round included TDK Ventures, CDIB Cross Border Innovation Fund II LP, and Jane Street Global Trading, along with additional investment from Pacific Bays Capital, which also participated in the initial Series B close. The first close included Yanmar Ventures, Pacific Bays Capital, NTT Finance Corporation, SiC Power, Aero X Ventures, SBI Investment, and Global Hands-On VC.